Investment property in Greenvale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.61%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Greenvale has fallen somewhat when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Greenvale itself are offering an average vendor discount of -15.79% to real estate investors.
With the median price for a house in Greenvale being $559000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.00%
Greenvale has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.17% to date .
On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.